9 major regions are North America, Europe, Latin America, East Asia, Southwest Asia (With Northern Africa), Southeast Asia, Central Asia, South Asia, and Sub-Saharan Africa
More Developed Regions
2 regions are considered more developed, North America and Europe Regions above 30 degrees N latitude are MDCs North America: HDI 0.95 13th place Highest in GDP and literacy rate, but low in education and life expectancy Used to be one of the worlds major manufacturer in steel and cars, but now it is Japan and Europe. The large number of health-care providers is because of the private sector The region also provides entertainment, mass media, sports, and other leisure activities Subprime loans were made to businesses who cannot repay them Worlds leading food exporter. Europe: HDI 0.93 During the Cold War Era (1940s-1990s), Europe was regarded as 2 regions, a West closely linked to the United States, and a Communist East. Since the fall of Communism, the 2 regions have become closer The elimination of economic boundaries have made the European Union the richest market. Core area are: Germany, France, Italy, Switzerland, Netherlands, and Luxembourg Because the Eastern countries lag in development, Europe is below North America Dependent on trade, both within and international Make high-value goods and services, such as cars, banking, and insurance. Unemployment rates are high and the government is fighting a recession. Russia: HDI 0.73 Under communism, the Soviet Union had 5-year goals for the entire region to help build roadways, canals, goods, agriculture, and minerals. Before the Soviet Union, Russia was a rich country. Its HDI was above 0.9 and now itis below 0.8.c. Unemployment was high Japan: HDI 0.96 Third area of high HDI Development is remarkable because of the unfavorable ratio of population to resources Took advantage of people willing to work hard for low pay More time on education and training. Oceania: HDI 0.90 Although the HDIs in Australia and New Zeland are high, the remaining islands are less developed. Leader in mining minerals and exporting food to the UK. Economies are tied with Japan and other Asian countries.
Less Developed Regions
Latin America: HDI 0.82 Located mostly in Brazil, Argentina, and Buenos Aires. Level of development varies sharply, high level of development in large cities and high GDP in the coastal cities, but low development in central Latin America and islands Clearing forests for money Inadequate income distribution: Wealthy families control most of the land, Tenant farmers give food away to developed countries. Economy is linked with the US so they are also hit hard by the recession.2. East Asia: HDI 0.77 The economy of East Asia and the world is being controlled by China Used to be wealthy, but after civil wars and invaders, they dropped behind Europe In 1949, when the Communist party won a civil war, they set up the Peoples Republic of China Priority in the new economy was given to people in rural areas and tenant farmers Farmers rented land from the government, had to grow a certain amount of type of crop, they could then sell any above the minimum requirement Manufacturing has been increasing in China. By paying workers low salaries, they produce 2/3 of the worlds microwaves, DVD players, photocopiers, and shoes By partnering with Wal-Mart, they are pushing down prices for the products, but the workers are getting paid less. The recession has slowed economic growth because of declining global demand for manufactured goods Weaknesses remain in Chinas economic performance: management is weak, no legal protection, bad banking, and increasing amount of pollution Southwest Asia and North Africa: HDI 0.74 Mostly desert Middle East There is a large gap of GDP between countries that have and do not have petroleum Saudi Arabia and the United Arab Emeritus have petroleum Border Persian Gulf Islam dominates the economy: workers stop several times a day to pray, shopkeepers let people unwrap their payer rugs to pray, women have low literacy rate Need to find a way to balance development and religion Several internal conflicts like war and terrorism. Southeast Asia: HDI 0.73 Most populous countries are Indonesia, Vietnam and Thailand and the Philippines Tropical climate limits cultivation: intense heat, rainfall, volcanoes, and hurricanes People are concentrated on Java because the soil is rich from volcanic ash and the Dutch have their colonial headquarters there Because of the distance vegetation, farmers harvest products that are used to makethings like tin, rubber, coconut oil, and rice This region has suffered from warfare France and the US fought to percent Communism on Vietnam Thailand, Singapore, Malaysia and the Philippines have been developing Economic growth has slowed: it was once achieved by cooperation between manufactures and government, but lately, government officials invested unwisely and are corrupt.5. Central Asia: HDI 0.70 Most of the countries were once part of the Soviet Union High in Kazakhstan and Iran Leading producers in petroleum The leader of Iran does not want to develop because he is a Shiite and that is a Western idea Afghanistan has one of the worlds lowest but it has not been calculated because of war South Asia: HDI 0.61 Includes India, Pakistan, Bangladesh, Sri Lanka, Nepal, and Bhutan 2nd highest population and 2nd lowest GDP Population density is high and natural increase rate is high The Green Revolution increased agriculture Created miracle rice and wheat seeds Rely on the monsoon seasons from May to August India is South Asias largest country: 4th largest economy, produces wheat, rice and other products, economy growth is right behind China Sub-Saharan Africa: HDI 0.51 Lots of minerals Bauzite in Guinea, Cobalt in the Congo, diamonds in Botswana, and petroleum in Nigeria Least-favorable prospects of development Highest % of people living in poverty Economic growth has deteriorated Landlocked states have difficulty shipping trade Highest natural increase rate, so the land is overworked